|
a
<br />s,
<br />z
<br />tj
<br />ii
<br />r'
<br />�i
<br />}i
<br />�i
<br />r,
<br />52 -A —REAL ESTATE MORTGAGE —(With Tax Clause) Raw. 7b
<br />Huffman and Felton i Wolf, Walton. No. 66461
<br />KNOW ALL MEN BY THESE PRESENTS: That B & R GRAIN, INC, a Nebraska Corporation
<br />t
<br />Hall Nebraska
<br />Of County, ax! State of , in oonridentioa of the sum of
<br />SEVENTY FIVE THOUSAND AND NO/ 100THS----------------------- -------- ($75,000.00)DOLLARS
<br />i
<br />in hand paid, do hereby SELL and CONVEY unto MILFORD R. NIELSEN and JACQUELYN NIELSEN, Husband
<br />g°g and Wife and MELVIN W. MEYER and JO ANN MEYER, Husband and Wife
<br />t of Hall County, State of Nebraska the following descriw promises aituatad
<br />in Hall County, and State of Nebraska , to-wit:
<br />All of M & M Subdivision, Hall County, Nebraska
<br />The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging, unto the said
<br />mortgagees) and to his, her or their heirs and assigns forever. provided always, and these presents are upon the express
<br />condition that if the said mortgagorls). his, her or their heirs, executors, administrators or assigns shall pay or cause to be
<br />paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns, the principal sum of $ 75,000.00
<br />payable as follows. to wit: Payable in three annual installments of $25,000.00 each plus interest
<br />accrued from date of closing.
<br />First payment due: January 15, 1987 - $25,000.00 plus Interest
<br />Second payment due: January 15, 1988 - $25,000.00 plus interest
<br />Third payment due: January 15, 1989 - $25,000.00 plus interest
<br />with interest according to the tenor and effect of the mortgagors written promissory note bearing even date with these presents
<br />and shall pay all taxes and assessments levied upon said real estate, and all other taxes, levies and assessments levied upon this
<br />mortgage or the note which this mortgage is given to secure, before the game becomes delinquent, and keep the buildings on
<br />said premises insured for the sum of $ 100,000.00 lore, if any, payable to the said mortgagee, then these presents
<br />to be void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (1) That if the said mortgagor shall fail to pay such taxes or procure such insurance, the
<br />said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at 109 per
<br />cent shall be repaid by said mortgagor, and this mortgage shall stand as security f< r the same. (2) That a failure to pay any
<br />of said money, either principal or interest, when the same becomes due, or a failure to comply with any of the foregoing
<br />agreements, shall cause the whole sum of money herein secured to become due and collectible at once at the option of the
<br />mortgagee. ..
<br />Signed this O1� day of (y /C
<br />In pr ese o[
<br />_ . ..
<br />STATE OF.. NAhrOPM ................. County of . R411..................... .
<br />The foregoing instrument was acknowledged before me ....... C ;✓ 2a.......... ma .G.,
<br />by B * R .Qrflin.. JAr, . bx .R, L. Luebbe, President
<br />- . 1
<br />Sig- of Person Taking Acknowledgment
<br />Title
<br />STATE OF ss. ._.... _. __ Entered on numerical index and filed for record
<br />County _ in the Register of Deeds Office of said County the
<br />..... _ .__ . __...day of , 19 at o'clock and minutes M ,
<br />and recorded in Book of at page_ .
<br />Best of 1. MI's
<br />By. Deputy
<br />! -
<br />
|